Provide an example of project termination you have experienced related to education or technologies like IT. What steps were carried-out to close-out the project?
(Provide references to the work and add a personal conclusion, length of around 500 words. References do not count to the total wording count).
Project termination is a difficult thing to decide and can be based on many reasons. It is a very sensitive issue within a project team and can cause feelings of frustration and failure on behalf of the stakeholders and project team. This sensitivity makes it vitally important to get mutual approval of all involved regarding project termination. There are many reasons a project can be terminated. Some of those reasons might be: (Project Management Knowhow, 2013)
• The requirements or specifications change so drastically that the scope, budget and/or schedule cannot accommodate them or change accordingly.
• The project requirements or specifications are unclear or unrealistic.
• The budget changes so drastically (generally related to a significant decrease in funding) that it is not able to accommodate the current requirements or specifications.
• The schedule changes so drastically (generally related to a significant decrease in time frame) that it is not able to accommodate the current requirements or specifications.
• A severe ...
Examples of project termination for education and technologies like IT are discussed. The steps to carry-out to close-out projects are given.